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    The Opportunity Costs Of Computer Simulators

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    â?¢ Research a capital purchase, costing more than $5,000, which your company could benefit from like the sim man for a teaching lab.
    â?¢ Identify the management goals that expenditure would support. Management goals might include revenue, improvement, productivity, quality assurance, employee development, or management services consultant packages.
    â?¢ Explain how the item could enhance the economic environment of the organization.

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    Solution Preview

    A computer simulator is a research capital purchase costing more than $5000, that my company would benefit from in a similar fashion to the benefits derived from the sim man for teaching a lab. The purchase of this device supports a wide variety of management goals that include a dramatic reduction in the costs of training, a reduction in the time that it takes to conduct training, improvement in the quality of training, an increase in the quantity of training cycles available, an increase in the number of students trained per training cycle, an increase in the efficiency of quality assurance methodology used to monitor the ...

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